TRUE OR FALSE. 6 POINTS EACH. lALWAYS ASSUME OTHER THINGS EQUAL I 1. "Usefulness" was the only synonym given in class for the word "utility." 2. How much a person is willing to pay for a good is based on the goods marginal utility to the buyer today and not the good's total utility over the last year. 3. Remodeling a restaurant and changing its menu are actions some restaurant owners have taken to boost the restaurant's marginal utility to their customers. 4. Demand is elastic for a good when buyers pay attention and react to a price change. 5. The fewer substitutes available for a good, the more elastic its demand will be